This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

CME Group Inc. (CME): Today's Featured Financial Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

CME Group (
CME) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.8%. By the end of trading, CME Group fell $1.89 (-2.5%) to $72.17 on heavy volume. Throughout the day, 4,718,975 shares of CME Group exchanged hands as compared to its average daily volume of 2,241,200 shares. The stock ranged in price between $71.02-$74.84 after having opened the day at $74.84 as compared to the previous trading day's close of $74.06. Other companies within the Financial Services industry that declined today were:
Paulson Capital (
PLCC), down 15.0%,
PHH Corporation (
PHH), down 7.4%,
BGC Partners (
BGCP), down 6.0% and
First Marblehead Corporation (
FMD), down 5.3%.

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. CME Group has a market cap of $24.8 billion and is part of the financial sector. Shares are up 46.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate CME Group a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates
CME Group as a
buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.